Island of Ireland Forum 2023

Brokers Ireland

The Risk and Insurance Community, Networking and Learning Together

26 October 2023

The Intercontinental Hotel, Dublin

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Over 6 CPD hours available

The Airmic Island of Ireland Forum – 26 October 2023

The Risk and Insurance Community, Networking and Learning Together

The Intercontinental Hotel, Dublin

Following capacity attendance at our Island of Ireland Forum in 2022 Airmic is delighted to announce details of our 2023 event. Attendance for Airmic members and those with a responsibility for risk or insurance in their organisation is FREE!

Come along and be part of the community!

The management of risk has matured significantly in the last five years with an increase in Airmic members reporting they have access to the C-Suite and the board with sponsors or champions in both. The relationship with business peers, however, has some way to go to match the increase in risk connectivity and complexity and the impacts of systemic risk our member organisations are experiencing. Risk professionals cannot just ‘stay in their lane’.

Likewise, with new players entering the Insurance Market and acceleration of digital trends, it is vital to consult and collect customer feedback and make necessary changes for a frictionless customer experience. This way the Market will reap the rewards of customer satisfaction and loyalty, using new technology and the smart application of AI to ensure products and services respond to changing customer needs quickly and effectively.

Our members will continue to push open the door to recognition of risk professionals as specialists and strategic advisors to their organisations. They must, however, continue to work on cross-functional and integrated plans for monitoring and responding to the risks their organisations face. Demonstrating value is too late after an event has occurred.

Programme

08.15 – 09.00
Registration and breakfast

Sponsored by Howden

09.00 – 09.05
Welcome
Julia Graham
CEO
Airmic
09.05 – 09.20
Minister Jennifer Carroll MacNeill TD

Jennifer Carroll MacNeill TD is the Minister of State at the Department of Finance with responsibility for Financial Services, Credit Unions and Insurance.

Minister Carroll MacNeill was elected as a TD (Member of the Irish Parliament) for the Dún Laoghaire constituency in the 2020 General Election.

Prior to her appointment to the Department of Finance, the Minister was a member of a number of Parliamentary Committees including the Public Accounts Committee, the Justice Committee and the Committee on the Implementation of the Good Friday Agreement.  She was also a representative on the British Irish Parliamentary Assembly.

Minister Carroll MacNeill is a qualified Solicitor and Barrister, holding a PhD in public policy, with over a decade of experience working in a range of government departments on policy and legislation.

Minister Jennifer Carroll MacNeill TD
Minister of State at the Department of Finance
Irish Parliament

Introduced by:

Eamonn Egan
General Representative and Country Manager for Ireland
Lloyd’s
09.20 – 09.45
Don’t stay in your lane

Julia Graham is the CEO of Airmic. Airmic is the largest individual risk management and insurance member association outside of the USA.

Julia has worked in the risk and insurance profession for over 40 years. As a former Chair of Airmic and President of FERMA, and as a member of the Executive of the global risk association IFRIMA, she has been part of the evolution of the profession, which has seen the power of value creation and protection released through greater strategic leadership in risk. This has never been more important for the relevance of Airmic and the risk management profession of today – and tomorrow.

The risks and opportunities we all face continue to grow in complexity and connectivity – and the velocity of change is increasing in these extremely troubling and turbulent times.

What do the next three years look like? There is no crystal ball, but we must have faith in the collective power of the data, knowledge, and experience in the hands of Airmic members, Airmic partners, governments, affiliate associations and institutes to deliver innovative solutions to underwrite our future.

We have seen the management of risk mature in the last five years with an increasing number of Airmic members reporting they have access to the C-Suite and the Board. However, many of these same members have more work to do with their business peers if they want to seize the strategic risk leadership opportunity, something which cannot be achieved by ‘staying in your lane’.

Julia Graham
CEO
Airmic
09.45 – 10.15
The geopolitical landscape

Based on the conclusions of the WEF Global Risks Report 2023, we will delve deeper into the challenges that the world is currently facing. We will explore the risks that organisations may be exposed to in their mid, long, and long-long term strategies, and how these challenges can affect both Ireland and the EU at a geopolitical level. The focus will be on providing risk managers with insights that will enable them to make informed decisions.

Jose Maria Carulla Marques
Advisory Leader, Europe
Marsh
10.15 – 10.30
Networking coffee break

Sponsored by Howden

10.30 – 11.15
Breakout Sessions
A1 – The III CPD Stream:
Personal Injuries Ireland: a rapidly changing landscape

Following 20 years of stagnation, the personal injuries landscape in Ireland has over the last two years changed, and potentially changed utterly. In this session, we will look at the impact of the Personal Injuries Guidelines, the changes to PIAB’s roles and functions, and also the very recent amendments to the Occupiers Liability Act.

Martin Browne
Partner & Head of
HF Ireland

45 minutes formal CPD

B1 – Risk and Resilience Stream:
A new generation of parametric insurance

A new generation of parametric insurance has come onto the market in recent years, driven by advances in technology and data. But misperceptions about parametrics are numerous. Anchoring to two of the most pressing risks today – cyber and climate – this session will tackle some of these misperceptions by defining the basics of what it is and, in citing real-world examples, show how it can strengthen customer resilience. The session will also address how parametric insurance can be used together with more traditional indemnity coverage and as a risk management tool for companies that utilise alternative approaches, including captives.

Ryan Dodd
Founder and CEO
Intangic
Ola Jacob
UK & Ireland Business Development Director
Descartes
C1 – Resilience Stream:
New frontiers for Europe

In this session Benoît Waltregny, General Counsel and Chief Strategy Officer, Lloyd’s Europe will discuss:

  • The European environment
  • Last week’s Futureset reports related to systemic risks scenarios
  • Existing (and resulting) protection gaps in Europe
  • Assets that make Europe a great place to innovate and develop

Lloyd’s Europe

  • The structure, which is the result of frontiers becoming barriers after Brexit, and the solution we provide to maintain access to specialty insurance expertise
  • Lloyd’s Europe’s contribution to address the challenges and grasp the opportunities in Europe
Benoît Waltregny
General Counsel and Chief Strategy Officer
Lloyd’s Europe
11.15 – 12.00
Breakout Sessions
A2 – The III CPD Stream:
The changing nature of technology in loss adjusting

Technology is revolutionising claims management, which is profoundly reshaping the insurance industry. The Internet of Things, Artificial Intelligence, data analytics and online portals have enabled insurers to streamline processes, enhance efficiency, and improve customer satisfaction through faster and clearer settlement journeys. Yet, what are the limitations of technology, how safe is it, and is human touch still irreplaceable?

Bobby Gracey
Group Head of Counter Fraud
Charles Taylor
Oliver Hutchings
Global MD Marine & COO Aviation
Charles Taylor
Ian Latham
Head of Insurance Market Development
Charles Taylor
Eibhlin Powell
Associate Director – Natural Resources
Charles Taylor

45 minutes formal CPD

B2 – Risk and Resilience Stream:
Multinational insurance programmes

This workshop will dive into the possibilities presented by multinational insurance programmes and address key considerations associated with centralising insurance coverage. We will explore risk assessments, insurance requirements and options available to create a tailored solution that aligns with the insured’s specific needs.

Monika Bochra-Thuwis
Senior Client Service Executive
Chubb Global Services - UK & Ireland
C2 – Captives Stream:
Building flexible, diversified captive programmes

Captives are increasingly flexible vehicles with insurance partners facilitating a range of different programme structures, including stop loss, fully fronted and parametric policies. This panel will discuss the various ways captives are being used to address the changing risk financing needs of their parents.

David Vigier
Captives Services and Claims Strategy
HDI Global
Michael Spellman
Managing Director
Aon Insurance Managers Ireland
12.00 – 12.30
Keynote
Are captive centric strategies eating the commercial market’s lunch?

The hard commercial market has reinvigorated captive utilisation, and large commercial (re)insurers are keen to support and facilitate greater captive participation. Industry mutuals are also being established to allow corporates to group together on risks such as cyber. How far can captives go, and will that risk and premium ever make its way back to the commercial market?

Richard Cutcher
Captives Ambassador
Airmic
Nicolas Deparday
CEO and Chairman
Miripro Insurance Company (Michelin captive)
Mike Matthews
Commercial Director International
Artex Risk Solutions
Mark Pollard
Chief Operating Officer
MIRIS
Lorraine Stack
International Consulting Leader Head of office Dublin
Marsh Captive Solutions
David Vigier
Captives Services and Claims Strategy
HDI Global
12.30 – 13.15
The future is now. The future is AI.

Dr. Daniel Hulme will delve into the forefront of AI technologies and their potential to transform our world. Dr. Hulme, a leading expert in the field, will guide us through AI’s practical applications, demystify common misconceptions, and shed light on how responsible AI usage can empower your organisation and society as a whole. It’s time to make informed decisions and unlock your organisation’s full potential. Welcome to the world of AI possibilities.

Dr Daniel Hulme
CEO Satalia & Chief AI Officer
WPP

Hosted by:

James Leathem
Sales Manager, EMEA
Riskonnect
13.15 – 14.30
Lunches
Lunch and Learn – The III CPD stream:
Exploring cyber risk and insurance – what really matters

Cyber risk is a threat that is always present and needs constant attention. In this session, you will learn about the latest trends and updates in the cyber risk landscape. You will also discover the best practices for developing and maintaining cyber resilience through cyber risk management and insurance. Furthermore, we will explore how to approach cyber risk in an integrated way, both before, during and after a cyber incident.

Florian Sättler
Head of Cyber Incident Management Europe
Marsh
Aidan Gordon
Head of Financial & Professional Lines
Marsh Ireland

60 minutes formal CPD

Platinum Sponsor Lunch
Delegate Buffet lunch
14.30 – 15.15
Breakout Sessions
A3 – The III CPD Stream:
Take cover! Dealing with terrorism and political violence risk

The war in Ukraine and now the conflict in the Middle East serve to remind risk managers of the importance of wide cover. But when did you last read your ‘War Risks Exclusion’? A pivotal cornerstone of the market since 1936, this exclusion is engrained in the DNA of the insurance market and casts a long shadow. In this session, we will look at examples of this exclusion and discuss how ‘War Risks Exclusion’ does not just exclude war but is in fact far wider. We will see that there is a market ready and waiting to accept these risks. Finally, we will look at what can be done to improve coverage, with knowledge, expertise and a little finesse.

Zoe Towndrow
Practice Lead, Political Violence
BPL

45 minutes formal CPD

B3 – Risk and Resilience Stream:
The power of data: a guide to proactive risk management

Insurance data is undeniably valuable, but its full potential remains untapped due to a lack of cohesion and integration between companies’ disparate data sources. While the quantity of data risk managers handle continues to grow, ensuring its accuracy, consistency and relevance is paramount.

Join our discussion to understand the full benefits of data and gain better visibility into the value of your insurance for your business.

David Power
CEO
Insurwave
C3 – Captives Stream:
Optimising the value of your captive

This panel will discuss the evolving role of captives in supporting the insured’s wider risk management initiatives and changing programme structures, and the compliance implications. The panel will also address the practicalities of incubating new risks in a captive and the benefits of this approach.

Moderator:

Richard Cutcher
Captives Ambassador
Airmic
Joseph Finbow
IPT Assurance Director
TMF Group
Esme Gould
Head of Captives
Zurich UK
15.15 – 16.00
Breakout Sessions
A4 – The III CPD Stream:
How captives are formed

The session will be a high-level introduction to captives with a focus on the feasibility study and the licencing and establishment process. Dermot Marron will speak about actuarial considerations in the feasibility and application stages as well on an ongoing basis following activation. Teresa Ready from the Central Bank of Ireland will join to discuss the expectations of the Central Bank of Ireland throughout the application process.

Frank Coyle
Managing Director
Allied Risk Management (an Artex company)
Dermot Marron
Head of Actuarial
Allied Risk Management (an Artex company)
Teresa Ready
Supervision Manager, Insurance Supervision Division
Central Bank of Ireland

45 minutes formal CPD

B4 – Risk and Resilience Stream:
Business travel is taking off again – risks and opportunities

Despite ongoing global challenges, business travel is experiencing a revival and taking precedence. While opportunities for growth exist, challenges such as geopolitical tensions and natural disasters require resilient strategies. How can companies navigate these complexities to ensure the safety of their travellers?

Jakob Thomsen
Regional Security Manager, Nordics and Benelux
International SOS
C4 – Captives Stream:
Back to the future: how legacy solutions can create a platform for growth

Rising interest rates have increased the cost of capital for companies in all sectors, thereby creating a potential headwind for captive growth. This session will explore the various legacy solutions available that can enable a captive to prepare for growth by recycling its existing capital and reducing operational complexity. Our panellists, comprising a Risk Manager, a Broker and a Reinsurance Underwriter, will discuss the relative merits of various transaction structures, provide insight regarding how to maximise value in a transaction and mitigate potential risks that might arise, and share recent examples of how captives have successfully utilised these tools.

Kate Browne
Chief Operating Officer
McGill and Partners Ireland
Andy Hill
Partner - Structured Solutions
McGill and Partners
Julia Graham
CEO
Airmic
Janic Schilling
Senior Legacy Origination Manager
Swiss Re
16.00 – 16.30
Afternoon tea

Sponsored by Gallagher

16.30 – 17.15
Keynote
SSE Renewables – insuring the transition

In this session, James McCallum, Head of Insurance, SSE, will discuss the role the insurance profession can play in helping the market move towards net zero. He will examine SSE’s technology, exploring what is required to achieve net zero, and SSE’s experience of working together with insurers.

Andrew Ewen
Head of Specialty Business Development – Ireland
McGill and Partners
James McCallum
Head of Insurance
SSE
17.15 – 18.00
Making the impersonal, personal: Horizon risks and their impacts on Directors & Officers

This session will focus on how the complex strategic risks of the next decade including ESG, climate transition, AI, and geopolitical conflict will complicate the decisions of directors and officers of major global companies and will radically change how the insurance market thinks about D&O risks.

Jake Hernandez
Consulting Lead
Gallagher Specialty
18.00
Post Event Reception

Ice Bar

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